Page 7 - Beyond the Capacity of Any Man
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Chapter Page
III. LOANS ................................................................................................ 50
Rudimentary Acts of Patriotism ................................................................ 51
The Loan and the Planters ....................................................................... 54
Memminger’s First Report ........................................................................ 55
Generating Planter Interest ...................................................................... 56
An Updated Scheme ................................................................................ 58
Planting Interests ..................................................................................... 58
Chastising Planter Dominance ................................................................ 60
A Full Subscription ................................................................................... 62
Collections/Problems ............................................................................... 63
Changes................................................................................................... 63
More Problems......................................................................................... 65
Exhausting Credit Abroad ........................................................................ 67
The Erlanger Loan ................................................................................... 69
Conclusion ............................................................................................... 74
IV. TREASURY NOTES ........................................................................... 76
Confederate Banking System................................................................... 77
State Currencies ...................................................................................... 78
Immediate Cash ....................................................................................... 80
Mounting Government Expenses ............................................................. 82
Notes as Legal Tender............................................................................. 84
An Increase in Notes................................................................................ 86
Supply Shortage, Note Abundance .......................................................... 89
Currency Reduction ................................................................................. 90
Shock and Demoralization ....................................................................... 92
The Act of February 17, 1864................................................................... 92
Conclusion ............................................................................................... 95
CONCLUSION ......................................................................................... 97
BIBLIOGRAPHY .................................................................................... 100
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